Topic: Still no coins after 68 hours and approx. 1,000 approved hashes? (Read 2005 times)
Infinitevs, at the speed you're dealing with it may be marginally profitable for you to mine (I haven't done the computation), but it's probably not worth putting in a lot of effort. Join a pay-per-share pool like Deepbit or the variance will make you crazy.
Okay so I am a bit confused here, somewhere it said 20 Approved hashes = 50 Bitcoins, how do approved hashes @ difficulty of 1 (in solo mode) relate to bitcoins?
The current difficulty is 157426. This means that on average you'll need to find that many difficulty 1 hashes in order to hit one that generates a block. Note the "on average" part though, it could be 1 hash or a million, but the average in the long run will be around 157K. Unfortunately though, the "long run" isn't very long, the difficulty is going up by about 40% in a few days.
Okay so I am a bit confused here, somewhere it said 20 Approved hashes = 50 Bitcoins, how do approved hashes @ difficulty of 1 (in solo mode) relate to bitcoins?
1. no idea where you found that. only thing i can think of that resembles that is the 120 block maturation (you don't receive the reward for a block until 120 blocks have been added to it past your block) for block rewards.
2. they don't. difficulty 1 hashes don't have any real relationship to a solo mining payout. only pooled mining really makes use of that.
Okay so I am a bit confused here, somewhere it said 20 Approved hashes = 50 Bitcoins, how do approved hashes @ difficulty of 1 (in solo mode) relate to bitcoins?
if you want to get anywhere with that amount of hashing power, you need to join a pool.
popular ones are slush's pool, deepbit, btcmine, and eligius.
popular ones are slush's pool, deepbit, btcmine, and eligius.
I started mining using GUI miner on Thrusday afternoon. It said it was working fine. It had 24.5 Mhashes a second. I went out over the weekend and have just come back on Sunday night and still have no coins. What am I doing wrong?
Cheers, Sean
nothing, but it takes appox. 319 days to mine a block at that rateCheers, Sean
source: http://www.alloscomp.com/bitcoin/calculator.php
if you went solo it will take you approximately 313 days to get your first 50 BTC
http://www.alloscomp.com/bitcoin/calculator.php
http://www.alloscomp.com/bitcoin/calculator.php
I started mining using GUI miner on Thrusday afternoon. It said it was working fine. It had 24.5 Mhashes a second. I went out over the weekend and have just come back on Sunday night and still have no coins. What am I doing wrong?
Cheers, Sean
Cheers, Sean
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